RBC Capital lowered the firm’s price target on Karman (KRMN) to $85 from $93 and keeps an Outperform rating on the shares. The company reported an impressive Q3 result, with 42% revenue growth and 31% adj. EBITDA margins, though a “conservative” guide has surprised some investors, the analyst tells investors in a research note. RBC adds that it continues to favor Karman for its market exposure, estimate upside potential, and strong execution.
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